JAPAN SMALLER CAPITALIZATION FUND INC

Japan Smaller Capitalization Fund, Inc. announced the final results of its tender offer, which expired on July 1, 2026. The Fund accepted 2,833,389 shares, representing 10% of its outstanding shares, for payment on or about July 10, 2026. A total of 22,006,123 shares were tendered, leading to a proration of approximately 12.87958% of shares accepted from each tendering stockholder. The purchase price was $12.7792 per share, which is 98% of the Fund's net asset value per share as of July 2, 2026.

Japan Smaller Capitalization Fund, Inc. announced the expiration and preliminary results of its tender offer to acquire up to 10% of its outstanding shares. The offer, which commenced on June 1, 2026, expired on July 1, 2026, with approximately 22,006,123 shares tendered. As the offer was oversubscribed, shares will be prorated, and the purchase price will be 98% of the Fund's net asset value per share as of July 2, 2026. Final results are anticipated around July 13, 2026.

Japan Smaller Capitalization Fund's Board of Directors has approved a tender offer to purchase up to 10% of its issued and outstanding shares at 98% of the net asset value per share. The Tender Offer is expected to commence on June 1, 2026, and expire on July 1, 2026. Additionally, the Board approved re-leveling the Fund's monthly distribution rate to 10% of the market price, resulting in a 9% yield to NAV. This leads to a monthly distribution of $0.0956 per common share, an increase of approximately 8% from the current $0.0887.

Japan Smaller Capitalization Fund, Inc. announced its Board of Directors approved a cash tender offer to repurchase up to 10% of its outstanding shares. This action follows the satisfaction of conditions for its Conditional Tender Offer, as the Fund's average trading discount exceeded 9% during the July 2025 to March 2026 period, reaching 10.5%. The Fund expects to announce additional details regarding the tender offer, including the commencement date, after a Board meeting in late May 2026.